Clarius Group LLC trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 689 shares of the industrial products company’s stock after selling 90 shares during the quarter. Clarius Group LLC’s holdings in Zebra Technologies were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZBRA. Vanguard Group Inc. grew its stake in Zebra Technologies by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,936,255 shares of the industrial products company’s stock valued at $2,455,830,000 after purchasing an additional 33,572 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Zebra Technologies by 1.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,521,459 shares of the industrial products company’s stock valued at $398,638,000 after purchasing an additional 26,367 shares during the last quarter. Geode Capital Management LLC grew its stake in Zebra Technologies by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 1,090,782 shares of the industrial products company’s stock valued at $279,203,000 after purchasing an additional 22,394 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Zebra Technologies by 4.9% during the 4th quarter. JPMorgan Chase & Co. now owns 901,970 shares of the industrial products company’s stock valued at $231,272,000 after purchasing an additional 42,171 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Zebra Technologies by 2.0% during the 4th quarter. Neuberger Berman Group LLC now owns 841,511 shares of the industrial products company’s stock valued at $215,803,000 after purchasing an additional 16,608 shares during the last quarter. 85.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. TD Cowen assumed coverage on Zebra Technologies in a research note on Thursday, March 30th. They issued an “outperform” rating and a $375.00 target price on the stock. Needham & Company LLC lowered their target price on Zebra Technologies from $385.00 to $340.00 in a research note on Wednesday, May 3rd. Robert W. Baird lowered their target price on Zebra Technologies from $365.00 to $322.00 in a research note on Wednesday, May 3rd. StockNews.com assumed coverage on Zebra Technologies in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Credit Suisse Group lowered their target price on Zebra Technologies from $326.00 to $295.00 in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $348.14.
Zebra Technologies Price Performance
Zebra Technologies (NASDAQ:ZBRA – Free Report) last released its quarterly earnings results on Tuesday, May 2nd. The industrial products company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.04. Zebra Technologies had a net margin of 7.09% and a return on equity of 30.69%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 14.08 earnings per share for the current fiscal year.
Zebra Technologies Company Profile
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.
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